Shreveport Symphony Orchestra Foundation

Analysis

Shreveport Symphony Orchestra Foundation is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Shreveport Symphony Orchestra Foundation reported income of $1.2m and spending of $60k, leaving 95% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $18k to $1.2m (+6368%), an average of +184% a year. The sharpest change came in the year to June 2020, when income rose by 1056%. Over the whole period it spent 12% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shreveport Symphony Orchestra Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within LA. Charities of a similar size with the same main cause include RCM America Inc ($1.2m), The Shumla School Inc ($1.2m) and California Strawberry Festival ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.